bankruptcy

  • News

Genco calls in Blackstone, ponders Chapter 11

FEBRUARY 19, 2014 — In an SEC filing, Peter C. Georgiopoulos-led dry bulk specialist Genco Shipping & Trading Limited disclosed that it did not make the scheduled semi-annual interest payment of approximately

  • News

Texas appellate court rules in TMT’s favor

SEPTEMBER 18, 2013 — Nobu Su’s Taiwan headquartered TMT said today that an appellate court in Houston, Texas, has rejected an attempt by Taiwanese banks to revisit the bankruptcy court’s ruling that

  • News

Excel Maritime files for Chapter 11

JULY 2, 2013 — Athens headquartered bulker operator Excel Maritime Carriers Ltd. has now gone ahead with the Chapter 11 bankruptcy filing that it said it planned in a form 6K filed

  • News

Excel Maritime plans to file for Chapter 11

JUNE 11, 2013 — In a form 6K filed with the SEC today, bulker operator Excel Maritime Carriers Ltd. (NYSE: EXM), reports that it is proposing to file a joint prepackaged Chapter

  • News

Itkin out at OSG

APRIL 5, 2013 — Myles R. Itkin is out as Executive Vice President, Chief Financial Officer and Treasurer of battered tanker giant Overseas Shipholding Group, Inc., which has been in Chapter 11

  • News

OSG gets a “D” from Standard & Poor’s

NOVEMBER 14, 2012 — Reacting to Overseas Shipholding Group Inc.’s voluntary Chapter 11 filing today (see earlier story) Standard & Poor’s lowered its long-term corporate credit rating on the tanker giant to